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Faraday Challenge: Battery Technology

Faraday Challenge: Battery Technology

Government has announced a new £246m Faraday Challenge fund to support development and boost expertise in new battery technology.

Business and Energy Secretary, Greg Clark, announced on 24th July the launch of the first phase of a £246 million government investment into battery technology, to ensure the UK builds on its strengths and leads the world in the design, development and manufacture of electric batteries.

Known as the Faraday Challenge, the 4-year investment round is a key part of the government’s Industrial Strategy.

It will deliver a coordinated programme of competitions aimed to boost the research and development of expertise in battery technology.

Battery innovation for the electrification of vehicles

The Department for Business, Energy and Industrial Strategy (BEIS) and Innovate UK have up to £30 million available for collaborative research and development projects for new battery technologies, and up to a further £10 million for feasibility studies

The competitions open on 25 July 2017, and the deadline for applications is at midday on 14 September 2017

It is expected that research and development projects to range in size from £1 million to £15 million and last up to 3 years

It is expected feasibility studies to range in size from £150,000 to £1 million and last between 3 and 12 months
businesses could attract up to 70% of their project costs

You can find further information and apply for the Faraday Challenge research and development competition here.

You can find further information and apply for the Faraday Challenge feasibility studies competition here.

National battery manufacturing development facility

The APC will fund one project for a new state-of-the-art battery manufacturing development facility
projects are anticipated to be in excess of £40 million

The competition opens on 25 July, and the registration deadline is midday on 13 September 2017
work must be carried out in the UK

Project build is expected to last a maximum of 24 months, with the construction complete and the facility operational by early 2020

You may be eligible for up to 100% of your project costs if you or the delivery organisation is a non-profit research organisation

You can find further information and apply for the Faraday Challenge facility competitionhere.